As lockdowns and restrictions disrupted supply chains, agritech has helped farm produce reach the market and manage cash flows, endearing these startups to farmers and attracting investor interest. Many farmers began selling their produce to agritech startups as regular markets shuttered during last year’s lockdown. Even after restrictions were eased, they continue to sell sizable portions of their produce to agritech startups. These startups are expected to have signed up hundreds of thousands of farmers since the pandemic started. Pune-based Agri10X, which offers a blockchain-enabled platform to connect farmers with buyers, is looking for an institutional funding round now.

Source: Mint May 31, 2021 18:11 UTC